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cents. and it's trading lower right now at the open by 4%. let's check in with bob pisani here on the floor with more of what is moving this morning. bob. >> reporter: so are we getting a romney bounce for stocks this morning? look, i think everybody agrees, governor romney did very well, better than some people thought. you noticed europe. this is what i watch every morning, get up, 3:00, look at how europe's going to open. and normally europe opens strong. we open strong. but this morning europe has been meandering. not a lot of trends earlier on. but our market was up overnight. nicely. and some people are attributing this to a potential romney -- potential romney strong showing. a lot of people feel that the stock market might be better under governor romney. elsewhere, i want to talk about health care stocks because here's the flip side of this. remember, there has been a sort of health care on trade. let's just call it that. ever since the democratic convention, the end of august, under certain assumptions that perhaps president obama would be the odds-on favorite, so-cal
-- >> thank you. >> let's check in on bob pisani. >> nelson peltz, one wonders where they're going to see there. they did lower their stake in legg mason, delivering shares to an investor in the fund, worth xhen mentioning. >> that's been a stinker. >> let's check in with bob pisani who's here on the floor with more on what is moving on this monday. good morning. >> joanie mitchell, that was good. you notice we're up. all the market this is morning, go overnight, all my e-mails, oh, my heavens. asia is a mess and the numbers were not good out of china. not good out of taiwan and not good out of most places in the world that had a pmi that was published. but the minute europe opened, the minute europe opened, the markets rallied. not only europe. s&p futures rallied, the euro rallied, the dollar weakened, commodities went up. why? it's very simple. more stimulus and a smooth transition towards a spanish bailout is what's motivating stocks right now. i'm not happy about the weak asian situation either. but you can see what's moving stocks. everybody, everybody over the weekend was debating
to because i think they are captured. >> all right. let's check on bob pisani. i think he may be in that crowd of lifelock. >> yes, we are right here. the ceo is right here behind me. it's still a little early. i think we have a few moments before it's going to open. price talk is well above that. let me talk about where the markets are because a lot of chatter about the fact that the markets look like they are stalled and kind of running out of steam. there's been a lot of talk that we've had the positive ism. market is not doing much. obviously the question is about the spanish aid request. that moves the markets around on an intraday basis. a lot of people trying to position oh themselves for the end of the year. that's kind of what is going on here. most of the people i talked to were eager to see it drop a bit but because they wanted to see it buy more at lower prices. this is the race to the finish line. this is the fourth quarter. a lot of mutual funds and a lot of hedge funds are notably underperforming their bempbl marks th marks. in terms of what is going to happen,
. toyota, but they make them here. >> want to go to bob pisani. fleet matiches is an ipo and it will be pricing higher and you're in the crowd right now. >> it's always nice to see this. look. >> here's employees of fleet manics and they did fleet management and they priced last night at $17. 21 to 23 are the indications and my point is all of these people are employees of the company and jim travers is right over there and he's the ceo and he'll be on with us for a little while and they're all waiting for him to make the first trade. the ceo makes the first trade and it's 100 shares and they come over and they talk to us and that's the way it's done these days. we'll talk about it later and get more information and that will open to the upside. this morning, folks, it's all about politics and that doesn't happen every day. boy, was that obvious. the minute it came out i got blasts from everybody, but from the white house, 103,000 change in the private payrolls. that's not a good number. that's certainly a positive for republicans. i heard all sort of comments, theories,
. >>> let's go to bob down on the floor. >> for a second day s&p futures went up in the middle of the night and went up because europe opened. this happened yesterday. we moved right up as soon as europe opened. happened again today. that's the reason that we are open right now. we are up right now. the big question on the spanish bank bailout, of course, is as you have been mentioning, it is when, not if. the two dates important are this one, number one, october 8th, that's monday. that's the date that the eu's permanent rescue fund, the esm, becomes fully operational. that's october 8. that's also the date where the first board meeting of this rescue fund, the esm, is going to happen. that's why, and i think melissa mentioned this, some speculation and request came over the weekend. that makes sense procedurally. spain already has the budget and the evaluation of the bank recapitalization. if it doesn't happen then, the next date everyone is talking about is october 18th and 19th. that's when the eu leaders get together and that's the next likely date. those are the ones two people are ta
Search Results 0 to 4 of about 5

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